Assume that a new project will annually generate revenues $2,200,000. Cash expenses including both fixed and variable costs will be $700,000, and depreciation will increase by $ 22,000 per year. In addition, let's assume that the firm's marginal tax rate is 34%. Calculate the operating cash flows.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 7P: Your division is considering two investment projects, each of which requires an up-front expenditure...
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Assume that a new project will annually generate
revenues $2,200,000. Cash expenses including
both fixed and variable costs will be $700,000, and
depreciation will increase by $ 22,000 per year. In
addition, let's assume that the firm's marginal tax
rate is 34%.
Calculate the operating cash flows.
Transcribed Image Text:Assume that a new project will annually generate revenues $2,200,000. Cash expenses including both fixed and variable costs will be $700,000, and depreciation will increase by $ 22,000 per year. In addition, let's assume that the firm's marginal tax rate is 34%. Calculate the operating cash flows.
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